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The mechanism by which consumption rises is commonly called ‘Pigou Effect’. The essence of ‘Pigou Effect’ is that an overall reduction leads to increased spending on goods and services.... A common feature of practically all strands of post-Keynesian theory is the notion that the money supply should not be considered as fixed independently of money demand in macroeconomic models.
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Wasik (the author of Keynes’s Way to Wealth, McGraw-Hill, 2014) informed him that Keynes managed several investment vehicles . one of which he ran into the ground....Worth Reading: “Keynes’s Way to Wealth” by John Wasik Many think of John Maynard Keynes as the father of macroeconomics. What may surprise is Keynes’s success as in investor for himself, family and friends, and institutions.
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The Economic Consequences of the Peace by John Maynard Keynes, on Project Gutenberg Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
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